Puget Technologies Inc (OTCMKTS:PUGE) Goes A Bit Higher

[[tagnumber 0]][[tagnumber 1]]We have seen some interesting performance coming from the stock of Puget Technologies Inc (OTCMKTS:PUGE) lately. The stock was rather dormant for quite some time, before exploding into the OTC scene in the beginning of the week for no particular reason.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company hasn’t issued a press release in months, the latest paid promotional campaign is dating back to February and the latest quarterly report of [[tagnumber 6]]PUGE[[tagnumber 7]] was quite ugly. Here are just some of the numbers contained in the balance sheet for the period ended April 30, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $51,936[[tagnumber 13]] [[tagnumber 12]]current assets: $51,936[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1,116,902[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: $250,694[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering all the factors the 70.51% jump that the stock made in Monday’s session seems rather strange. Even stranger is the fact that, in a single session, PUGE registered more than five times the dollar volume that it had registered in the past month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the lack of news we saw [[tagnumber 6]]PUGE[[tagnumber 7]] jump in yesterday’s session as well. The ticker went up 23.31% and finished the day with a price of $0.082. A total of 2 million shares were traded, generating $156 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, people on investor message boards are wondering what is going on. It seems, however, that the strange hype has come to an end as we see [[tagnumber 6]]PUGE[[tagnumber 7]] is sitting 2.44% in the red as of the writing of this article.[[tagnumber 2]]